Global Ferronickel Holdings, Inc. (PSE: FNI)

FNI Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	8,406	8,448	6,485	7,423	6,998	6,410
Revenue Growth (YoY)	12.63%	30.28%	-12.64%	6.06%	9.18%	21.58%
Cost of Revenue	4,698	4,144	2,986	3,076	3,075	3,337
Gross Profit	3,708	4,304	3,498	4,347	3,924	3,074
Selling, General & Admin	1,535	1,497	1,520	1,153	1,211	1,097
Other Operating Expenses	18.58	17.54	11.23	8.17	8.17	11.74
Operating Expenses	1,554	1,514	1,532	1,161	1,219	1,108
Operating Income	2,154	2,790	1,967	3,186	2,705	1,965
Interest Expense	-221.42	-253.89	-145.47	-50.07	-42.18	-63.66
Interest & Investment Income	20.9	31.1	9.6	2.4	3.7	6.5
Earnings From Equity Investments	219.04	158.92	219.48	-93.54	35.75	-41.46
Currency Exchange Gain (Loss)	-143.67	-111.07	-75.2	39.58	-43.98	-12.49
Other Non Operating Income (Expenses)	26.83	12.48	2.14	-591.33	-4.93	-22.52
EBT Excluding Unusual Items	2,056	2,627	1,977	2,493	2,653	1,832
Gain (Loss) on Sale of Assets	0	0	0.43	-	-0.15	-
Legal Settlements	-	-	680	-	-	-
Other Unusual Items	-	-	35.02	202.6	-	-
Pretax Income	2,056	2,627	2,693	2,696	2,653	1,832
Income Tax Expense	666.71	814.23	537.72	588.82	787.66	528.1
Earnings From Continuing Operations	1,389	1,813	2,155	2,107	1,865	1,304
Minority Interest in Earnings	12.49	-269	-233.75	-0.41	2.17	4.22
Net Income	1,402	1,544	1,921	2,106	1,868	1,308
Net Income to Common	1,402	1,544	1,921	2,106	1,868	1,308
Net Income Growth	-23.70%	-19.63%	-8.79%	12.79%	42.81%	156.66%
Shares Outstanding (Basic)	5,086	5,109	5,200	5,230	5,466	5,512
Shares Outstanding (Diluted)	5,086	5,109	5,200	5,230	5,466	5,512
Shares Change (YoY)	-1.88%	-1.75%	-0.58%	-4.32%	-0.84%	0.96%
EPS (Basic)	0.28	0.30	0.37	0.40	0.34	0.24
EPS (Diluted)	0.27	0.30	0.37	0.40	0.34	0.24
EPS Growth	-22.88%	-18.81%	-8.25%	17.88%	44.01%	154.23%
Free Cash Flow	2,840	3,021	1,071	2,051	1,952	1,483
Free Cash Flow Per Share	0.56	0.59	0.21	0.39	0.36	0.27
Dividend Per Share	-	-	0.100	0.200	0.100	-
Dividend Growth	-	-	-50.00%	100.00%	-	-
Gross Margin	44.11%	50.94%	53.95%	58.56%	56.06%	47.95%
Operating Margin	25.63%	33.02%	30.33%	42.92%	38.65%	30.66%
Profit Margin	16.67%	18.28%	29.63%	28.38%	26.69%	20.40%
Free Cash Flow Margin	33.79%	35.76%	16.52%	27.63%	27.90%	23.13%
EBITDA	2,765	3,420	2,392	3,556	3,054	2,368
EBITDA Margin	32.89%	40.49%	36.88%	47.90%	43.63%	36.94%
D&A For EBITDA	610.85	630.63	424.79	369.62	348.89	402.87
EBIT	2,154	2,790	1,967	3,186	2,705	1,965
EBIT Margin	25.63%	33.02%	30.33%	42.92%	38.65%	30.66%
Effective Tax Rate	32.43%	30.99%	19.97%	21.84%	29.69%	28.83%

Source: S&P Capital IQ. Standard template. Financial Sources.